Exclusive: Toyota, Mazda to build $1.6 billion plant in Alabama – sour

Business


(Reuters) – Alabama will be the site of a new $1.6 billion Toyota Motor Corp and Mazda Motor Corp auto plant, a victory for President Donald Trump who had prodded manufacturers to build new U.S. facilities and threatened tariffs on foreign production, sources said on Tuesday.

The plant, which will employ up to 4,000 people and produce about 300,000 vehicles a year, will be located in Huntsville, Alabama, and is a boon for the state, where Toyota has a large engine plant and an existing network of automotive suppliers.

A formal announcement by company and state officials is expected on Wednesday in Montgomery, sources briefed on the matter said.

Reporting by David Shepardson and Bernie Woodall; Editing by Sandra Maler



Source link

Products You May Like

Articles You May Like

McDonald
India restricts imports of petcoke for users in Delhi region
Car plows through Copacabana sidewalk, kills baby, injures 15
Mexican hotel keeping Hotel California name after Eagles settlement
U.S. health agency revokes Obama-era Planned Parenthood protection

Leave a Reply

Your email address will not be published. Required fields are marked *